e the following information for Short Exercises S21-4 and S21-5. Dracut Company reports the following information for June: Net Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs 755,000 240,000 198,000 168,000 79,000 -4 Calculating contribution margin and operating income, variable costing Calculate the contribution margin and operating income for June using variable costing. -5 Calculating gross profit and operating income, absorption costing Calculate the gross profit and operating income for June using absorption costing